Petronet LNG Ltd has entered into a ₹1,200 crore regasification agreement with Performance Chemiserve Ltd, a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd, the company informed on Thursday.The 5.5-year deal, signed on July 10, will see Petronet provide regasification services for approximately 25.6 TBTUs of liquefied natural gas (LNG) annually at its Dahej terminal in Gujarat. The supply will commence between May and July 2026, and continue through to December 31, 2031.
The agreement allows for an additional 20% revenue upside over the contract duration. The regasified LNG will be used primarily in Deepak Fertilisers’ manufacturing units at Taloja.
According to Petronet, the deal strengthens its long-term business visibility. In FY25, the company handled around 18 million metric tonnes per annum (MMTPA) of LNG across its two terminals at Dahej and Kochi, with Dahej being among the busiest regas terminals globally.Also read: UTI AMC shares surge to a 52-week high, gains in five out of last six sessions
The agreement allows for an additional 20% revenue upside over the contract duration. The regasified LNG will be used primarily in Deepak Fertilisers’ manufacturing units at Taloja.
According to Petronet, the deal strengthens its long-term business visibility. In FY25, the company handled around 18 million metric tonnes per annum (MMTPA) of LNG across its two terminals at Dahej and Kochi, with Dahej being among the busiest regas terminals globally.Also read: UTI AMC shares surge to a 52-week high, gains in five out of last six sessions
The agreement follows an earlier LNG supply arrangement between Deepak Fertilisers and Norway-based energy firm Equinor. The latest pact brings Petronet into the value chain as the domestic regasification partner.
At 3:04 pm, shares of Petronet LNG Ltd were trading flat at ₹304.90, down 0.23%, on the NSE.
